In recent developments, U.S. mortgage rates have fallen below 6% for the first time since 2022, marking a significant shift in the housing market. This decline is expected to provide fresh hope for homebuyers, as it enhances affordability and may spur increased activity in the market. Despite this positive trend, many potential buyers remain cautious, as the housing supply continues to be a challenge. Experts suggest that the lowest mortgage rates seen in nearly four years could unlock opportunities for homebuyers, while also prompting a boost in refinancing activity. With the spring home-buying season approaching, the implications of these lower rates are being closely monitored.